Question: NOTE: BRIEFLY EXPLAIN means you must provide a brief (i.e., very short) explanation to receive full credit XYZ Corporation is a publicly held corporation. One

NOTE: BRIEFLY EXPLAIN means you must provide a brief (i.e., very short) explanation to receive full credit

XYZ Corporation is a publicly held corporation. One of its agents injured a person while the agent was negligently performing the agent's work. The injured person sued XYZ Corporation AND the shareholders of XYZ Corporation.

1. Under what circumstances would XYZ Corporation be determined to be liable for the negligence of XYZ Corporation's agent? BRIEFLY EXPLAIN.

2. It was determined that XYZ Corporation is liable for the negligence of its agent. If XYZ Corporation is unable to pay the injured person, under what circumstances would XYZ Corporation's SHAREHOLDERS be required to pay the injured person for the negligence of XYZ Corporation's agent? BRIEFLY EXPLAIN.

3. Is it likely that XYZ Corporation's SHAREHOLDERS will be required to pay the injured person for the negligence of XYZ Corporation's agent? BRIEFLY EXPLAIN.

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